The most recent balance sheet and income statement of Oldaker Corporation appear below: The company paid a cash dividend of $42 and it did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was:
A)($127)
B)($138)
C)$138
D)$127

Question

The most recent balance sheet and income statement of Oldaker Corporation appear below:   The company paid a cash dividend of $42 and it did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was:
A)($127) 
B)($138) 
C)$138 
D)$127

Quizplus · Accepted Answer

The Answer of The most recent balance sheet and income statement of Oldaker Corporation appear below:   The company paid a cash dividend of $42 and it did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was:
A)($127) 
B)($138) 
C)$138 
D)$127

The Most Recent Balance Sheet and Income Statement of Oldaker